Taxpayers engaging in transactions involving federal excise taxes should be mindful of the documentation requirements.
This article discusses how excise tax changes may affect your business and what you can do to ensure tax compliance and avoid potential penalties.
This item discusses some frequently asked questions with respect to the medical device excise tax and the current state of the law.
Financially troubled since 2001, the Highway Trust Fund might get more than its typical Band-Aid fix with a proposed new funding source that could also kick off comprehensive tax reform.
The IRS finalized rules on the disparate topics of disregarded entities that collect the excise tax on indoor tanning and how certain exceptions from FICA and FUTA taxes work when a disregarded entity is involved.